Dear Readers,
The IPOs are happening fast and furious, and in this note we recap recent events and try to look ahead too:
Alkem Laboratories IPO
- Our investment report is available on link Alkem Labs IPO Note
- We had recommended a BUY on Alkem
- The IPO was open from 8-10th Dec 2015 and Issue Price band was Rs.1020-1050 per share
- The category wise subscription was:
- The issue price was Rs 1050 and the shares got listed on Dec 23, 2015.
- As of today the share price is trading at Rs 1552.2 and is up by 47.8%.
DR LAL PATHLABS IPO
- Our report link is Dr Lal Pathlabs IPO Note
- We had recommended a BUY on Dr Lal Pathlabs.
- IPO was open from 8-10th Dec 2015, and the Issue Price band was Rs.540-550 per share. There was a retail discount of Rs 15/share on this issue.
- The category wise subscription was:
- The issue price was Rs 550 and the shares got listed on Dec 23, 2015.
- As of today the share price is trading at Rs 811.8 and is up by 51.75% in absolute terms.
NARAYANA HRUDAYALAYA IPO
- Our report link is Narayana IPO Note
- IPO was open from 17-21st Dec 2015 and the Issue Price band was Rs.245-250 per share.
- Worried about valuations, we had recommended an Avoid on this offer.
- The category wise subscription was as follows:
- The issue price is Rs 250 and the shares are expected to be listed on Jan 6th, 2016 (tomorrow).
- There is a grey market premium for the share of Rs 30. (Source: Economic Times).
Lets see how this listing turns out.
Happy investing,
Punit Jain
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